RICHMOND, Va. (AP) - A top executive at a Chinese pulp and paper company planning a $2 billion manufacturing plant near Richmond has left the company.
The Richmond Times-Dispatch reports (https://bit.ly/2nIlB3U ) Dong Lan was recently named as acting CEO of Tranlin, which also goes by Vastly, following the departure of former CEO Jerry Z. Peng.
The company did not give a reason for Peng’s departure. He has been the public face of the company’s plans to build a massive plant in Chesterfield County, which Gov. Terry McAuliffe has touted as one of his biggest economic development successes.
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The company had to defer payment last year for about $2 million in grants the state awarded for the project because of project delays. The company has said the plant should be running by 2020.
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Information from: Richmond Times-Dispatch, https://www.timesdispatch.com
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